Are life insurance benefits assignable?

Answer On One Hand: Yes They AreLife insurance benefits, the money paid out upon the insured's death, are an asset that the beneficiary can assign to anybody he wants to. You can do this either via the in... Read More »

Top Q&A For: Are life insurance benefits assignable

Are retirement benefits assignable?

Yes, an individual can assign retirement benefits to another person, especially in the case of a division of assets during a divorce or to provide support to an "alternate payee." A court order or ... Read More »

Can you receive life insurance other than accidental if you are receiving disability benefits the disability benefits are permanent due to a non-terminal illnesss?

The disability benefits are paid when it is ascertained that there can be no possibility of the life assured earning a livelihood ie. the life assured is totally incapicitated due to his illness so... Read More »

Are life insurance benefits taxable.?

Life Insurance Benefits Taxable?Death benefits are usually not subject to federal income tax. There are exceptions, though, if the IRS deems your insurance policy to be an investment in disguise. Y... Read More »

Taxation of Life Insurance Benefits?

In the best circumstances, life insurance provides for the expenses surrounding a death and a little extra money for the family of the deceased. In worse circumstances, it can mean the difference b... Read More »